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State Farm Georgia-South Carolina

Duluth, GA · Charter 24415

Q3 2006

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2006, the quarter ended September 30, 2006, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

State Farm Georgia-South Carolina

Duluth, GA · Charter 24415

Q3 2006

$171.7MAssets
$65.7MLoans
$150.4MShares
$23.0MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 0.78%, down 32 bps year over year; NIM at 0.91%.
  • Asset quality: problem loans at 0.28% of loans (+4 bps YoY).
  • Capital: net worth / assets of 13.37%, up 87 bps from a year ago.
  • Funding: loans stand at 43.69% of shares as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.78%-32 bps YoY

Net Interest Margin (YTD, annualized)

0.91%-52 bps YoY

Efficiency Ratio (YTD, annualized)

25.02%+1,076 bps YoY

Net Worth / Assets

13.37%+87 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.10%0.59%0.99%0.98%0.78%-32 bps
Return on Equity8.80%4.81%7.89%7.43%5.82%-298 bps
Net Interest Margin1.43%0.88%1.07%1.10%0.91%-52 bps
Efficiency Ratio14.25%22.64%20.19%19.77%25.02%+1,076 bps
Growth
Asset Growth (YoY)-1.80%-2.48%-2.99%-5.27%-4.09%-229 bps
Loan Growth (YoY)4.98%4.97%6.04%6.82%6.51%+153 bps
Share Growth (YoY)-2.97%-2.80%-4.14%-5.64%-4.24%-126 bps
Asset Quality
Delinquent Loans / Loans0.24%0.25%0.17%0.19%0.28%+4 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.70%0.64%0.53%0.46%0.36%-34 bps
Capital
Risk-Based Capital12.50%12.25%12.55%13.16%13.37%+87 bps
Net Worth / Assets12.50%12.25%12.55%13.16%13.37%+87 bps
Liquidity & Funding
Loans / Shares39.28%38.97%39.59%42.10%43.69%+441 bps
Liquid Assets / Assets14.25%15.79%19.88%0.00%0.00%-1,425 bps